The short-term outlook is bullish for Shriram Finance. The stock has begun the week on a strong note by surging 4 per cent on Monday. It also indicates that the upmove has gained momentum. An inverted head and shoulder pattern on the daily chart strengthens the bullish case. Moving average cross overs on the daily charts indicates that any dips from here can be capped. Supports are at ₹645 and ₹638. Shriram Finance share price can rise to ₹705.
Video Credit: Businessline
Traders can buy Shriram Finance shares now at ₹671. Accumulate on dips at ₹660 and ₹652. Keep the stop-loss at ₹638. Trail the stop-loss up to ₹678 as soon as the stock goes up to ₹685. Revise the stop-loss higher to ₹683 and ₹690 when the price touches ₹688 and ₹695 respectively. Exit the long positions at ₹705.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Published on October 7, 2025
